Capital in the Twenty-First Century

    By Thomas Piketty

What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In "Capital in the Twenty-First Century," Thomas Piketty analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns. His findings will transform debate and set the agenda for the next generation of thought about wealth and inequality.

Piketty shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities on the apocalyptic scale predicted by Karl Marx. But we have not modified the deep structures of capital and inequality as much as we thought in the optimistic decades following World War II. The main driver of inequality the tendency of returns on capital to exceed the rate of economic growth today threatens to generate extreme inequalities that stir discontent and undermine democratic values. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, Piketty says, and may do so again.

A work of extraordinary ambition, originality, and rigor, "Capital in the Twenty-First Century" reorients our understanding of economic history and confronts us with sobering lessons for today."

    ABOUT THE AUTHOR
Thomas Piketty is Professor at the Paris School of Economics.

    RELATED ARTICLES

NEWS: And the Winners Are...

Posted December 9, 2014, 9:45 AM with category of General Business
The 800-CEO-READ Business Book Awards category winners (and shortlist for the best book of the year) 2014. Read more

NEWS: The 800-CEO-READ Business Book Awards Longlist

Posted November 13, 2014, 9:30 AM with category of Publishing Industry
The culling process we undertake during the awards process is always rigorous, but we've narrowed it down to 40 books—5 each in 8 categories. Read more

NEWS: 2014 FT/McKinsey Book of the Year Announced

Posted November 12, 2014, 3:13 PM with category of Publishing Industry
The business and economic world's most visible book award was announced today. Read more

NEWS: strategy+business's Best Books of 2014

Posted November 5, 2014, 6:19 AM with category of Publishing Industry
The s+b yearly list is always decidedly and refreshingly different than most others. Read more

NEWS: The FT Press/McKinsey Business Book of the Year Shortlist

Posted September 25, 2014, 6:38 PM with category of Publishing Industry
A shortlist for the 2014 Financial Times and McKinsey Business Book of the Year Award was announced yesterday. The books chosen focus very much on the big-picture issues of the day, "the most important trends shaping our world" as the press release puts it, so the switch from Goldman Sachs to McKinsey as a partner to FT has not reduced the scope of the books as I thought it may. (I speculated back in May when the announcement was made that McKinsey would now be backing the award that it may change focus to the more nuts-and-bolts business management issues that McKinsey ostensibly focuses on in its own work. Read more



    CONTRIBUTIONS

    SHARE THIS
Embedicon
 
9780674430006
eBook
  • 9780674430006
  • 9780674430006

  Choose a format
  •   For use in United States   United-states-16

Your price: $31.96/ea
LIST PRICE: $39.95

Hardcover Non-returnable Discounts
Quantity Price Discount
1 - 24 $31.96 20%
25 - 99 $27.96 30%
100 - 499 $25.97 35%
500 - 999 $25.17 37%
ISBN: 9780674430006

Need 1000 or more?

Additional discounts may be available. Please call 1-800-236-7323 for more information.

You may also place an order online at the highlighted discount for any quantity over 500.
ISBN 9780674430006
Language English
Pages 685
Publish Date 04/01/2014
Published 04/01/2014
Publisher Belknap Press

Interested in eBooks?Please read our brief introduction before purchasing.